SAM seeks partners for joint venture AMCSAM is restructuring its organisation in all areas, says Mr Tharatporn. Sukhumvit Asset Management (SAM) Co wants to join with banks to set up a joint venture asset management company (AMC) to buy non-performing loans (NPLs) in the banking industry. SAM, the country's second largest AMC, has been in talks with both commercial banks and specialised financial institutions about a possible partnership to establish a joint venture AMC to manage bad debts in the banking sector, in line with the rising NPL trend. "This scenario opens more opportunities for AMC business, while banks are interested in setting up a joint venture AMC to manage and make profit from the business," he said. There are around 50 AMC players, and an AMC sets a unique strategy on the business operation focusing on loan products.

Source: Bangkok Post December 02, 2021 04:32 UTC